Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China reports general public budget spending near 7 tln yuan in Q1 !

China reports general public budget spending near 7 tln yuan in Q1

Time:2024-05-21 08:17:31 source:Global Gazette news portal

BEIJING, April 22 (Xinhua) -- China's general public budget spending expanded 2.9 percent year on year to nearly 7 trillion yuan (about 985 billion U.S. dollars) in the first quarter of 2024, according to a Monday press conference.

Various sectors registered relatively fast growth in fiscal spending, including those related to agriculture, forestry and water conservancy, which saw 13.1 percent growth. Sectors related to urban and rural communities also saw accelerated fiscal spending growth, reporting a 12.1 percent figure, as did those related to housing guarantees, which saw 7.8 percent growth. Social security and employment sectors saw fiscal spending growth of 3.7 percent, and education sectors reported growth of 2.5 percent, Vice Minister of Finance Wang Dongwei told the press conference.

Official data also shows that the country's general public budget revenue decreased 2.3 percent year on year to 6.09 trillion yuan in the first quarter.

In this year's government work report, the country has pledged to continue implementing a proactive fiscal policy and a prudent monetary policy in 2024. 

(Editor:Fu Bo)

Related information
  • Dodgers acquire pitcher Yohan Ramírez from Mets for cash
  • Meghan Markle purchased pair of £1990 diamond earrings from Dragons' Den hopefuls
  • Snap! How toned Pippa Middleton matches her bikinis with her designer wardrobe
  • New US inflation data 'along the lines' of what Fed wants, Powell says
  • Yu Darvish extends scoreless innings streak to 25 in Padres' 9
  • Born on this day
  • Thomas Kingston dies aged 45: How the royal family will form a tight circle of support around much
  • Auckland trains on eastern and southern lines suspended
Recommended content
  • Four people killed in a house explosion in southwestern Missouri
  • Loosening building products red tape 'good first step'
  • Time for some Royal R&R! King Charles and Queen Camilla arrive in Aberdeen for a restful
  • Sensitive, self
  • With Djokovic awaiting the winner, Murray trails Hanfmann at rain
  • Meghan Markle continues to wear neutral clothing four years on from the Sussex's 'freedom flight'